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Canada–Newfoundland and Labrador Atlantic Accord Implementation Act

Version of section 9 from 2002-12-31 to 2014-12-30:

Marginal note:Jointly established Board

  •  (1) There is established by the joint operation of this Act and the Provincial Act a board to be known as the Canada-Newfoundland Offshore Petroleum Board.

  • Marginal note:Treated as Provincial entity

    (2) Subject to subsections (3) and (4), the Board shall for all purposes be treated as having been established by or under a law of the Province.

  • Marginal note:Powers of corporation

    (3) The Board has the legal powers and capacities of a corporation incorporated under the Canada Business Corporations Act, including those set out in section 21 of the Interpretation Act.

  • Marginal note:Dissolution of Board

    (4) The Board may be dissolved only by the joint operation of an Act of Parliament and an Act of the Legislature of the Province.

  • 1987, c. 3, s. 9
  • 1992, c. 35, s. 46
  • 1994, c. 24, s. 34(F)

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